Fannie Mae-No Politics (FNMA)

[BlackE]

To quote Congresswoman Waters, Ranking Memeber of the Fin Services Committee: "Creating a stable and liquid housing finance system that provides certainty to market participants is crucial to the health of the American economy, and should be a top priority of the Financial Services Committee.

As everyone here today knows, reform is particularly ripe for discussion now that the stabilization of the housing market is really taking shape. After receiving about $187 billion in taxpayer support following their entry into conservatorship in 2008, Fannie Mae and Freddie Mac are once again profitable. Together, they will have paid the Treasury Department about $132 billion in dividends by the end of June."